UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: QCI Asset Management Inc.
Address: 387 East Main Street
Suite 300
Rochester, NY 14604
13F File Number: 28-4516
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: David F. Khalil
Title: Vice President
Phone: 716-262-6080
Signature, Place, and Date of Signing:
David F. Khalil Rochester, NY August 4, 1999
Report Type (Check only one.):
[ X] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[ ] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
NONE
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 108
Form 13F Information Table Value Total: $260,921
List of Other Included Managers: 0
No. 13F File Number Name
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FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
APP FINANCE VII CORP PFD 00202pac4 19 25000 PRN SOLE 25000
OFFICE DEPOT, INC. LYON CORP PFD 676220ab2 25 30000 PRN SOLE 30000
PEP BOYS LYON CORP PFD 713278aj8 8 15000 PRN SOLE 15000
QUANEX CORP. CONVERTIBLE CORP PFD 747620ac6 10 10000 PRN SOLE 10000
TIMES MIRROR CO. CONV CORP PFD 887364ae7 65 140000 PRN SOLE 140000
ABACUS DIRECT CORP. COM 002553105 1917 20954.00 SH SOLE 20954.00
ABBOTT LABORATORIES COM 002824100 5599 123390.00SH SOLE 123390.00
ACTION PERFORMANCE COS. INC. COM 004933107 561 17000.00 SH SOLE 17000.00
AMER HOME PRODUCTS COM 026609107 6490 113111.00SH SOLE 113111.00
AMERICAN INT'L GROUP COM 026874107 7661 65336.00 SH SOLE 65336.00
AMERIPATH INC COM 03071d109 104 12104.00 SH SOLE 12104.00
APPLIED MATERIALS INC COM 038222105 739 10000.00 SH SOLE 10000.00
AT HOME CORP - SER A COM 045919107 2876 53314.01 SH SOLE 53314.01
AT&T CORP COM 001957109 308
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